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Blog

QE and Minimum Wage are State Sponsored Price Fixing

In his classic economic text, The Wealth of Nations, Adam Smith had the following to say about collusion: “People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices.”

03/31/2014
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Blog

The Minimum Wage Doesn’t Help the Poor, It Traps Them

Republicans hate the poor. Why else would they consistently oppose increases to the minimum wage? This is the progressive drumbeat that we have heard year in and year out for as long as anyone can remember, and will continue to hear as Congress tries to push for $10.10 federal minimum wage later this year. But a fallacy can only persist for so long before reality starts to catch up. It’s time to put this talking point to rest once and for all. The myth that higher minimum wages help the poor has finally run its course.

03/20/2014
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Blog

Millennials: Barack Obama Thinks You are Worthless

Ask yourself this question; how much are you worth? Are you willing to put a price tag on your mind and your labor? I would assume that most of us are not willing to put a price tag on ourselves, or on another person. We all have different skills, needs, qualifications, desires, learning abilities, and these characteristics change over time. An individual’s worth in the market at this given moment may be entirely different from their worth a year ago, or a year from now.

02/26/2014
The Minimum Wage is Still a Bad Idea
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Blog

The Minimum Wage is Still a Bad Idea

There’s quite a bit on Congress’s to do list entering this new year, especially with the 2014 midterms looming. Discontent with Democrats continues to grow as implementation of the Affordable Care Act, better known as Obamacare, reveals the entire law to be something akin to a scheme hatched by Wile E. Coyote. With that, Democrats, with the help of some progressive Republicans worried about their own hides, have turned to a good populist ploy: the minimum wage.

01/02/2014
Compassion Means Rejecting The Minimum Wage
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Blog

Compassion Means Rejecting The Minimum Wage

07/22/2013
President Obama’s Budget: Hardly a “Grand Bargain”
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Blog

President Obama’s Budget: Hardly a “Grand Bargain”

Like malfunctioning clockwork, President Barack Obama's new budget proposal has arrived (a little late) to provide us all with some comic relief. Aptly referred to as a "fantasyland" by POLITICO's David Nather, President Obama's budget hikes taxes, expands federal interference in education, increases the minimum wage, and bails out another federal agency. Sound appealing?

04/14/2013
Fallacy Friday: Debunking Arbitrary Increases in the Minimum Wage
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Blog

Fallacy Friday: Debunking Arbitrary Increases in the Minimum Wage

Fallacy Friday: Raising the Minimum Wage In and of itself, the idea that raising the minimum wage somehow benefits the working class is a form of the classic broken window fallacy.

03/22/2013
The Cruelty of the Minimum Wage
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Blog

The Cruelty of the Minimum Wage

In his State of the Union speech Tuesday, President Obama called for an increase in the federal minimum wage, gloating that it had been endorsed even by his vanquished moderate Republican opponent in the 2012 campaign. A minimum wage increase is not needed, and would harm those it's supposed to help.

02/15/2013
President Obama's Minimum Wage Hike Proposal Will Harm The Poor
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Blog

President Obama's Minimum Wage Hike Proposal Will Harm The Poor

In Tuesday's State of the Union Address, President Obama proposed raising the federally mandated minimum wage to $9 per hour, a 24% increase over the current mandate. In a subsequent conversation, my friend David Guenther of the Texas Public Policy Foundation made a good point about the effects of this if it were to come to pass:

02/15/2013
The Minimum Wage - More Unintended Consequences
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Issue Analysis

The Minimum Wage - More Unintended Consequences

All across our nation this summer, especially in larger cities, millions of Americans will be unable to find a job. The young, the poorly educated, and minorities will be the most affected. The biggest reason is the minimum wage and the barrier it creates to full employment.

05/31/2012

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